NRGY.TO vs. ^SPTSX60
NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) is Commodity Producers Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index, while ^SPTSX60 (S&P/TSX 60 Index) is an index. Over the past year, NRGY.TO returned 56.60% vs 30.60% for ^SPTSX60. At a 0.24 correlation, their price movements are largely independent.
Performance
NRGY.TO vs. ^SPTSX60 - Performance Comparison
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Returns By Period
In the year-to-date period, NRGY.TO achieves a 39.10% return, which is significantly higher than ^SPTSX60's 10.45% return.
NRGY.TO
- 1D
- 0.76%
- 1M
- 3.37%
- YTD
- 39.10%
- 6M
- 34.76%
- 1Y
- 56.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^SPTSX60
- 1D
- 1.24%
- 1M
- 4.91%
- YTD
- 10.45%
- 6M
- 11.02%
- 1Y
- 30.60%
- 3Y*
- 19.71%
- 5Y*
- 11.37%
- 10Y*
- 9.45%
NRGY.TO vs. ^SPTSX60 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 39.10% | 14.36% | -3.17% |
^SPTSX60 S&P/TSX 60 Index | 10.45% | 25.48% | -0.26% |
Correlation
The correlation between NRGY.TO and ^SPTSX60 is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.24 |
The correlation between NRGY.TO and ^SPTSX60 shifts across timeframes, from 0.05 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NRGY.TO vs. ^SPTSX60 — Risk / Return Rank
NRGY.TO
^SPTSX60
NRGY.TO vs. ^SPTSX60 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) and S&P/TSX 60 Index (^SPTSX60). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NRGY.TO | ^SPTSX60 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.47 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.99 | 3.97 | +2.02 |
| Martin ratioReturn relative to average drawdown | 19.75 | 17.90 | +1.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NRGY.TO | ^SPTSX60 | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.39 | 2.62 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.63 | 0.36 | +1.27 |
Drawdowns
NRGY.TO vs. ^SPTSX60 - Drawdown Comparison
The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum ^SPTSX60 drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and ^SPTSX60.
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Drawdown Indicators
| NRGY.TO | ^SPTSX60 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -54.11% | +37.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -7.74% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.73% | — |
Current DrawdownCurrent decline from peak | -1.87% | 0.00% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -13.88% | +10.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.71% | +1.16% |
Volatility
NRGY.TO vs. ^SPTSX60 - Volatility Comparison
Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) has a higher volatility of 6.98% compared to S&P/TSX 60 Index (^SPTSX60) at 3.41%. This indicates that NRGY.TO's price experiences larger fluctuations and is considered to be riskier than ^SPTSX60 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGY.TO | ^SPTSX60 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 3.41% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 9.38% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 11.77% | +5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.51% | 12.76% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 15.11% | +4.40% |
Frequently Asked Questions
NRGY.TO and ^SPTSX60 have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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